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20100430
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Search Results 0 to 31 of about 32 (some duplicates have been removed)
business, all segments of our business and all geographic areas. so it's very comprehensive. >> toyota is a big brand for the autonation brand. clearly that was taken out of the mix in february. how did it behave in march and what dow expect from the toyota brand for autonation. >> well, what we saw with this crisis was that the fundamental trust and confidence that toyota customers had in the brand and the product toyota remained. and the american people are very forgiving. but they would like a gesture. so we communicated to toyota at the end of february that some level of incentive was appropriate considering the circumstances. and they came with a very nice program. and toyota customers responded dramatically to it. for us, our toyota business was up 38% in march compared to a year ago. >> how have your ford dealers been behaving. >> ford's done very well, up 40% for the entire quarter so it's very impressive number. ford accrued a dramatic brand goodwill from the american people by not taking a government bailout. then they had extraordinary products there ready and waiting. becau
." >> tom: toyota marches back, while ford and general motors share in the gains. here's a rundown of march's car and truck sales. toyota played comeback kid-- sales rose 41% on hefty incentives after the recalls. aggressive incentives also boosted sales at ford motor, up 40%. and at g.m., march sales were up 21%. the numbers are exaggerated by easy comparisons to last year, when the recession was in full swing. but chrysler is still struggling to gain traction-- sales there fell 8% last month. >> susie: auto dealers are still counting on a blockbuster spring selling season. consumers are back in showrooms, and it looks like they're ready to buy again. but as diane eastabrook reports, the economy is still the wild card. >> reporter: they're back. consumers flocked to dealer lots last month, thanks to warmer temperatures, a string of incentives, and optimism about the u.s. economy. tom bavone is seeing a complete change in customer attitude at his ford dealership. >> they talk about their jobs are doing well. they feel more secure in their jobs and they seem happier, you know. it's better th
the transportation department wants to fine toyota for allegedly hiding gas pedal problems from safety regulators. >> tom: susie, the proposed fine doesn't sound like a lot of money for the world's largest automaker, but it's the maximum allowed by law. >> susie: tom, it's also the largest civil penalty ever issued to an automaker by uncle sam. the transportation department says toyota didn't notify the government about its sticky pedal problem for four months. automakers are required to notify regulators of a possible defect within five business days. more than two million cars in the u.s. were recalled for that problem. toyota has two weeks to respond to the proposed fine; so far no comment from the company. meanwhile, some "braking" news from general motors. after those problems at toyota, g.m. is now promising brake override systems on all its vehicles within two years. the move is in anticipation of stricter u.s. regulatory standards. the override system cuts power to the engine when the brake and gas pedals are pressed at the same time. right now, only a handful of g.m. vehicles have this f
: japanese automaker toyota said today it tested a luxury s.u.v. deemed a safety risk, and got the same results. that test came this week, after "consumer reports" magazine said the lexus g.x. 460 can roll over. toyota is looking at potential fixes for the problem. meanwhile, the automaker could be heading back to capitol hill for another round of hearings. the house energy and commerce committee has set may 6 to review the automaker's electric throttles. those throttles are at the heart of questions about sudden acceleration in toyota and lexis vehicles. >> the civil fraud charges against goldman sachs come as big bank of nov banks have sn big. rochdale securities. joining us from the gulf coast. dick, nice to see you. welcome back to "nightly business report". >> thank you. >> tom: how does this goldman sachs case color your view of the company, as well as the stock. >> it should be stated clearly if in fact goldman sachs did something improperly, they should be fined for it, and they should be punished. if we make the assumptions for analytical purposes they did do something wrong, m
to see the volcano firsthand. >> tom: more trouble for toyota. now, the government is looking at the stability of its lexus gx-460. that's the s.u.v. model that "consumer reports" says is a potential rollover risk, leading toyota to stop selling it. the national highway traffic safety administration says it is already working on its tests. this is the latest problem in an ongoing saga for toyota. the japanese auto maker has until monday to respond to a proposed $16 million government fine for hiding defects that caused its vehicles to suddenly accelerate. >> susie: today's the day, the deadline for taxes. federal returns have to be postmarked by midnight. but kevin mccormally says don't stress out because the calendar says april 15. he's editorial director at kiplinger's personal finance, and he has a few more tax tips before the big deadline. tonight-- why you may not have to worry at all about today's deadline. >> with just a few hours to go before the tax deadline, i want to remind anyone struggling to finish a 1040, or that wonderful little form 4868 that pushes the deadli
. they'd also have to expand their disclosure to investors. >> tom: a twist tonight in the toyota recall saga. the associated press has learned that a u.s. toyota executive wrote an email to higher ups at the auto giant five days before a massive recall. it said, quote, "we need to come clean" about accelerator problems. the a.p. obtained the internal email written by irv miller, toyota group's vice president for environment and public affairs. the note went on to say, quote, "the time to hide on this one is over." miller has since retired. >> susie: in the "money file" tonight, why foreign bond funds can be a dicey choice for everyday investors. here's eric schurenberg, editor- in-chief at "cbs moneywatch". >> one of the pillars of a well-rounded investment portfolio is international stocks. you own some, don't you? owning foreign stock funds lets you ride economies that may be healthier than ours, and lets you earn some of your investment profits in a currency other than the dollar. so when the dollar falls, your foreign stock funds rise, because they pay off in a currency that's sudde
focus. >> susie: toyota's legal battles will be waged in a federal courtroom in los angeles. a judicial panel decided that today. it affects more than 200 lawsuits against the automaker filed around the country. it also means one judge will make the pre-trial decisions for all the cases. some suits are by toyota owners claiming their vehicles have lost value. others are asking for money for injuries from sudden acceleration problems. toyota has recalled more than eight million vehicles worldwide for issues with their gas pedals and brakes. >> tom: here's what we're watching for next week. our friday market monitor guest is dr. hans black, chairman of inter-invest. on monday, alcoa kicks off the first quarter's earnings season. later in the week, we'll see results from bank of america, general electric, google and j.p. morgan. monday, u-s/china relations. we'll look at the currency and trade issues, as the leaders of both countries meet. >> susie: netflix customers who want to see popular movies like "avatar" will have to wait even longer. today, the online movie rental company and twent
toyota said. 20 10 s.u.v., that's the lexus 460 model. the move comes after consumer reports urged readering to steer clear of that model. they put a rare "don't buy" recommendation on that lexus because of a rollover risk. 4800 of those s.u.v.s have already been sold so far this year. the sales suspension comes as le lexus parent toyota deals with massive recalls and problems. >> tom: those problems at toyota have helped boost sales at rival ford. the automaker said today u.s. sales jumped 37% in the first three months of this year. that's ford's largest quarterly market share gain since 1977. ford's entire lineup saw higher sales, most notably in s.u.v.s and pickups, enough to make the company optimistic about consumer confidence. we'll find out more about ford's quarterly performance when it reports earnings at the end of the month. >> susie: it's crunch time, with just two days to go until your federal taxes are due back at the i.r.s. and kevin mccormally is here to help. he's editorial director at kiplinger's personal finance. in tonight's "tax tips", kevin takes on the 1099 m
since buffett bought the railroad. another recall for toyota, this time it's sequoia s.u.v.s. 50,000 vehicles bought in early 2003 are being recalled to fix a software glitch that causes a delay when accelerating. the recall comes nearly a year and a half after safety regulators began looking at the problem. toyota says there have been no reported injuries or accidents due to the issue. dealers have been notified and about half of the recalled vehicles have already been repaired. >> tom: a first of its kind energy project got the green light today from uncle sam. a 130 turbine wind farm in the waters off cape cod, massachusetts is scheduled to start construction later this year. the $1 billion facility is expected to produce enough electricity to power 400,000 homes. german conglomerate siemens will supply the turbines. opponents say the project will endanger marine life and commerce in the area, they plan a lawsuit to stop it. >> susie: for the past few years, the home furnishings sector has gotten hammered, especially high end chains like ethan allen. but the company is showing
for toyota, this time it's 2010 lexus gx460 s.u.v. the problem is a potential roll- over risk. sales were suspended last week after consumer reports issued a rare don't buy rating. separately, toyota will pay a record $16 million fine for not reporting a safety problem with defective gas pedals. the company says it settled with government to avoid litigation. and still ahead on the program, face value. you might be surprised how many people base the trustworthiness of their financial advisor solely on looks. >> susie: airlines were cleared to resume some flights out of europe today as ash from the icelandic volcano began to clear. but, already, airline losses have soared to past the billion dollar mark. that's more than the impact of 9/11. erika miller takes a look at the impact here in the u.s. on the travel industry. >> reporter: new york city is more than 2,500 miles away from the icelandic volcano eruptions. but even here there are business disruptions. new york city estimates it could lose as much as $250 million in tourism revenues. however, the man behind the data, george fertitta,
at toyota? >> well, we have been getting new customers from the japanese -- our japanese competitors as well as domestic competitors but again, i would go back to the strength of the product line because as you know when it comes to customer satisfaction and quality and all the third-party endorsements, j.d. power and consumer reports, many believe we have the finest car lineup of small, medium and large cars, utility trucks ever. it's the strength of the products. >> reporter: you're talking about production in the second quarter being up about 40%. are you looking to bring people back to your plants, start hiring again? >> absolutely. one of the neatest things we're all very excited about is that clearly now with the industry coming back and us coming back even faster because of the increasing market share that we're going to have a chance to increase production as we mentioned in the second quarter that we're going to do and now we're going to have a chance to offer great cars and careers at ford again. >> reporter: i was listening to your call this morning with analysts and you talked ab
, toyota's looking for a big pop in march sales, up as much as 35%. we'll see how it did and get the outlook for the rest of the auto industry. jet blue and american airlines are teaming up to make air travel easier. the carriers have a new partnership that lets jet blue passengers connect to american's international flights on one ticket. starting next quarter, american will sell some jet blue tickets on its website. eventually, jet blue will sell american tickets, as well. the airlines also swapped some landing slots at airports in washington, new york, and boston. >> tom: if your employer suspended matching contributions to its 401(k) plan during the recession, you may be in for some good news. new numbers show almost half the firms that stopped matching have either started again, or plan to do so within a year. fidelity investments tracks the figures, because it administers 17,000 401(k) plans. it says the larger the company, the more likely it is the match is already back, or in the works to come back. >> susie: in the money file tonight, there's no such thing as a free lunc
Search Results 0 to 31 of about 32 (some duplicates have been removed)